M9SV.DE vs. CNIE.DE
M9SV.DE (Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR) and CNIE.DE (VanEck New China ESG UCITS ETF A) are both China Equities funds - M9SV.DE tracks the STOXX China A 900 Minimum Variance Unconstrained AM Index while CNIE.DE tracks the MarketGrader New China ESG. Both are passively managed. Over the past 3 years, M9SV.DE returned 6.93%/yr vs 0.10%/yr for CNIE.DE. At a 0.45 correlation, their price movements are largely independent. M9SV.DE charges 0.45%/yr vs 0.60%/yr for CNIE.DE.
Performance
M9SV.DE vs. CNIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, M9SV.DE achieves a -4.50% return, which is significantly higher than CNIE.DE's -5.50% return.
M9SV.DE
- 1D
- -1.69%
- 1M
- -4.54%
- 6M
- -6.05%
- YTD
- -4.50%
- 1Y
- 0.43%
- 3Y*
- 6.93%
- 5Y*
- 4.55%
- 10Y*
- —
CNIE.DE
- 1D
- 0.00%
- 1M
- -1.51%
- 6M
- -10.93%
- YTD
- -5.50%
- 1Y
- 1.15%
- 3Y*
- 0.10%
- 5Y*
- —
- 10Y*
- —
M9SV.DE vs. CNIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
M9SV.DE Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR | -4.50% | -5.32% | 37.47% | 2.90% | -11.14% | 2.33% |
CNIE.DE VanEck New China ESG UCITS ETF A | -5.50% | 8.76% | 7.28% | -12.40% | -22.84% | 8.76% |
Correlation
The correlation between M9SV.DE and CNIE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.45 |
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Return for Risk
M9SV.DE vs. CNIE.DE — Risk / Return Rank
M9SV.DE
CNIE.DE
M9SV.DE vs. CNIE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) and VanEck New China ESG UCITS ETF A (CNIE.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| M9SV.DE | CNIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.08 | +0.09 |
| Martin ratioReturn relative to average drawdown | 0.41 | 0.17 | +0.25 |
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Drawdowns
M9SV.DE vs. CNIE.DE - Drawdown Comparison
The maximum M9SV.DE drawdown since its inception was -23.79%, smaller than the maximum CNIE.DE drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for M9SV.DE and CNIE.DE.
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Drawdown Indicators
| M9SV.DE | CNIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.79% | -45.69% | +21.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.48% | -13.74% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | -27.75% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.79% | — | — |
Current DrawdownCurrent decline from peak | -17.81% | -26.86% | +9.05% |
Average DrawdownAverage peak-to-trough decline | -9.52% | -24.70% | +15.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 7.01% | -3.80% |
Volatility
M9SV.DE vs. CNIE.DE - Volatility Comparison
The current volatility for Market Access STOXX China A Minimum Variance Index UCITS ETF C EUR (M9SV.DE) is 3.73%, while VanEck New China ESG UCITS ETF A (CNIE.DE) has a volatility of 4.74%. This indicates that M9SV.DE experiences smaller price fluctuations and is considered to be less risky than CNIE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M9SV.DE | CNIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.74% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 10.95% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 16.27% | -5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 24.14% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 24.14% | -2.65% |
M9SV.DE vs. CNIE.DE - Expense Ratio Comparison
M9SV.DE has a 0.45% expense ratio, which is lower than CNIE.DE's 0.60% expense ratio.
Dividends
M9SV.DE vs. CNIE.DE - Dividend Comparison
Neither M9SV.DE nor CNIE.DE has paid dividends to shareholders.
Frequently Asked Questions
M9SV.DE and CNIE.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, M9SV.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
M9SV.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for CNIE.DE.
M9SV.DE tracks STOXX China A 900 Minimum Variance Unconstrained AM Index, while CNIE.DE tracks MarketGrader New China ESG. They also come from different issuers: Market Access and VanEck. Their fees differ too: 0.45% for M9SV.DE and 0.60% for CNIE.DE.
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